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Variance analysis involves comparing actual performance to budgeted or expected performance to identify discrepancies.
Identify the variance: Calculate the difference between actual and budgeted figures. For example, if budgeted revenue is $100,000 and actual is $90,000, the variance is -$10,000.
Categorize the variance: Determine if it is favorable (actual > budget) or unfavorable (actual < budget). In the ex...
R2R, or Record to Report, is a finance and accounting process that involves collecting, processing, and delivering financial data.
R2R encompasses the entire financial reporting process from data collection to final reporting.
It includes activities like journal entries, reconciliations, and financial statement preparation.
For example, a company may use R2R to consolidate financial data from multiple departments for...
NIQ, or NielsenIQ, specializes in data analytics and insights for consumer behavior across various industries.
NIQ provides market research and analytics services to help businesses understand consumer trends.
They utilize advanced data science techniques to analyze purchasing behavior and market dynamics.
NIQ operates globally, offering insights in sectors like retail, FMCG, and e-commerce.
For example, they track sa...
Python is a high-level, interpreted programming language known for its readability and versatility in various applications.
Easy to learn: Python's syntax is clear and intuitive, making it accessible for beginners.
Versatile: Used in web development (e.g., Django, Flask), data analysis (e.g., Pandas, NumPy), and machine learning (e.g., TensorFlow, scikit-learn).
Large community: A vast ecosystem of libraries and fram...
Pandas is a powerful Python library for data manipulation and analysis, providing data structures like DataFrames and Series.
DataFrame: A 2D labeled data structure, similar to a table in a database. Example: df = pd.DataFrame({'A': [1, 2], 'B': [3, 4]})
Series: A 1D labeled array capable of holding any data type. Example: s = pd.Series([1, 2, 3])
Data manipulation: Easily filter, group, and aggregate data. Example: ...
INDEX in Excel retrieves the value of a cell in a specified row and column from a given range.
INDEX can return a single value or an array of values from a specified range.
Syntax: INDEX(array, row_num, [column_num]). Example: INDEX(A1:C3, 2, 2) returns the value in the second row and second column.
It can be used in combination with other functions like MATCH for dynamic data retrieval.
INDEX is often used in data an...
Reversing a linked list involves changing the direction of the pointers between nodes.
Iterative approach: Use three pointers (prev, current, next) to reverse links.
Example: For list 1 -> 2 -> 3, after reversal it becomes 3 -> 2 -> 1.
Recursive approach: Reverse the rest of the list and adjust pointers.
Example: For list 4 -> 5 -> 6, recursively reverse to get 6 -> 5 -> 4.
FMCG refers to products that sell quickly at relatively low cost, while retail market research analyzes consumer behavior and trends.
FMCG includes items like groceries, toiletries, and beverages that are purchased frequently.
Retail market research involves gathering data on consumer preferences, shopping habits, and market trends.
Examples of FMCG brands include Procter & Gamble, Unilever, and Coca-Cola.
Market ...
Web scraping dynamic websites involves extracting data from pages that load content dynamically using JavaScript.
Use Headless Browsers: Tools like Puppeteer or Selenium can simulate a real browser, allowing you to interact with dynamic content.
Inspect Network Requests: Analyze network activity in the browser's developer tools to identify API endpoints that can be directly accessed.
Handle JavaScript Rendering: Use ...
Web scraping is the automated process of extracting data from websites for various purposes.
Involves using scripts or software to collect data from web pages.
Commonly used for data analysis, market research, and competitive analysis.
Tools like Beautiful Soup, Scrapy, and Selenium are popular for web scraping.
Example: Extracting product prices from e-commerce sites for price comparison.
Can be done using programming...
I appeared for an interview in May 2025, where I was asked the following questions.
I appeared for an interview in May 2025, where I was asked the following questions.
I am a detail-oriented Data Processing Specialist with a passion for optimizing data workflows and ensuring data integrity.
Currently employed at XYZ Corp, where I manage data entry and processing for client projects.
Implemented a new data validation process that reduced errors by 30%.
Skilled in using SQL and Excel for data analysis and reporting.
Collaborated with cross-functional teams to streamline data collection met...
A pivot table summarizes data, while VLOOKUP searches for values in Excel.
Pivot Table: A tool to summarize large datasets, allowing for quick analysis.
To create a pivot table, select your data range, go to 'Insert' > 'PivotTable'.
Drag fields to Rows, Columns, and Values areas to organize data.
Example: Summarize sales data by product and region using a pivot table.
VLOOKUP: A function to search for a value in the firs...
NIQ, or NielsenIQ, specializes in data analytics and insights for consumer behavior across various industries.
NIQ provides market research and analytics services to help businesses understand consumer trends.
They utilize advanced data science techniques to analyze purchasing behavior and market dynamics.
NIQ operates globally, offering insights in sectors like retail, FMCG, and e-commerce.
For example, they track sales d...
FMCG market refers to the fast-moving consumer goods sector, characterized by quick sales and low-cost products.
Includes products like groceries, toiletries, and beverages.
Examples: Coca-Cola, Unilever, Procter & Gamble.
High volume, low margin business model.
Products are typically sold in large quantities.
FMCG companies rely on extensive distribution networks.
I appeared for an interview in Apr 2025, where I was asked the following questions.
I applied via Campus Placement and was interviewed in Dec 2024. There were 3 interview rounds.
Good Great Be Honest
Good Great Be Good be Confidence
I applied via Recruitment Consulltant and was interviewed in Oct 2024. There were 2 interview rounds.
The 5 steps revenue recognition model outlines the process for recognizing revenue from contracts with customers.
Identify the contract with the customer
Identify the performance obligations in the contract
Determine the transaction price
Allocate the transaction price to the performance obligations
Recognize revenue as the performance obligations are satisfied
Key components of SOPs include purpose, scope, responsibilities, procedures, and revisions.
Purpose: Clearly defined objective or goal of the SOP.
Scope: Specific areas or processes that the SOP applies to.
Responsibilities: Roles and duties of individuals involved in following the SOP.
Procedures: Step-by-step instructions on how to carry out tasks or processes.
Revisions: Process for updating and maintaining the SOP to re...
Materiality refers to the significance or importance of information in relation to a decision or financial statement.
Materiality is a concept used in accounting and auditing to determine the relevance of information to users of financial statements.
It involves assessing whether the information could influence the decisions of users, such as investors or creditors.
Materiality is subjective and depends on factors like th...
Segment reporting is the practice of breaking down a company's financial information into different business segments.
Segment reporting helps investors and analysts understand the performance of different parts of a company.
Companies typically report segment information based on factors such as geography, product lines, or customer types.
Segment reporting is required by accounting standards to provide transparency and ...
I appeared for an interview in Mar 2025, where I was asked the following questions.
Detail-oriented Data Processing Specialist with a strong background in data management and analysis, committed to delivering accurate results.
Education: Bachelor's degree in Computer Science, focusing on data analytics.
Experience: 3 years as a data analyst at XYZ Corp, improving data processing efficiency by 20%.
Skills: Proficient in SQL, Python, and data visualization tools like Tableau.
Family Background: Grew up in a...
I have over 5 years of experience as a Data Processing Specialist, focusing on data analysis and management in various industries.
Managed large datasets, ensuring data integrity and accuracy for reporting purposes.
Developed automated data processing workflows using Python and SQL, reducing processing time by 30%.
Collaborated with cross-functional teams to identify data needs and provide actionable insights.
Conducted da...
INDEX in Excel retrieves the value of a cell in a specified row and column from a given range.
INDEX can return a single value or an array of values from a specified range.
Syntax: INDEX(array, row_num, [column_num]). Example: INDEX(A1:C3, 2, 2) returns the value in the second row and second column.
It can be used in combination with other functions like MATCH for dynamic data retrieval.
INDEX is often used in data analysi...
I appeared for an interview in May 2025, where I was asked the following questions.
I applied via Approached by Company and was interviewed in Nov 2024. There were 2 interview rounds.
Program for Linklist
Use MySQL query with ORDER BY and LIMIT to find employee with 2nd highest salary.
Use ORDER BY salary DESC to sort salaries in descending order
Use LIMIT 1,1 to skip the highest salary and get the second highest salary
A branch in git is a separate line of development that allows you to work on features or fixes without affecting the main codebase.
Branches allow for parallel development
They can be created, switched between, merged, and deleted
Common branches include master, develop, feature branches, and release branches
I applied via LinkedIn and was interviewed in Dec 2024. There were 3 interview rounds.
Related to Statistics
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The duration of NielsenIQ interview process can vary, but typically it takes about less than 2 weeks to complete.
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Data Processing Analyst
935
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| ₹3 L/yr - ₹4.8 L/yr |
Data Analyst
543
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| ₹3 L/yr - ₹5 L/yr |
Data Processing Specialist
390
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| ₹3 L/yr - ₹4.5 L/yr |
Software Engineer
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| ₹9.2 L/yr - ₹16 L/yr |
Research Associate
204
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| ₹2.9 L/yr - ₹6 L/yr |
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